IRS Clarifies Scope Of Recovery Zone Bond Refundings
The IRS notice applies to current refundings that are used to reimburse original Recovery Zone Facility Bonds issued prior to January 1, 2011. The relevant statutes do not specify whether current refundings of these types of tax-exempt bonds are permissible, the IRS said.
In general, the issue price...
To view the full article, register now.